Maricopa County Community College District Foundation
- Assets
- $57.7m
- Revenue
- $17.3m
- Investments
- $10.2m
- Employees
- 0
- Location
- Tempe, AZ
- Founding
- 04/1977
- Data as of
- 06/2022
- EIN
- 86-0327449
Organization Overview
Maricopa County Community College District Foundation is located in Tempe, AZ. The organization was established in 1977. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maricopa County Community College District Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Maricopa County Community College District Foundation generated $17.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $6.4m during the year ending 06/2022. While expenses have increased by 4.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE BOLDLY IMPACT OUR COMMUNITIES THROUGH INNOVATIVE AND STRATEGIC PARTNERSHIPS FOR THE GROWTH AND... WE BOLDLY IMPACT OUR COMMUNITIES THROUGH INNOVATIVE AND STRATEGIC PARTNERSHIPS FOR THE GROWTH AND BENEFIT OF THE MARICOPA COMMUNITY COLLEGES, ITS STUDENTS, FACULTY, AND STAFF.
Describe the Organization's Program Activity:
A MAJOR FOCUS OF THE MARICOPA COUNTY COMMUNITY COLLEGE DISTRICT FOUNDATION IS TO PROVIDE SCHOLARSHIPS FOR STUDENTS ATTENDING THE 10 COMMUNITY COLLEGES, TWO SATELLITE CAMPUSES AND THE MULTIPLE LEARNING CENTERS THAT MAKE UP THE MARICOPA COUNTY COMMUNITY COLLEGE DISTRICT. SCHOLARSHIP SUPPORT TYPICALLY INCLUDES FULL OR PARTIAL PAYMENT OF TUITION AND FEES AND ALSO MAY INCLUDE PAYMENT FOR BOOKS AND INSTRUCTIONALLY RELATED MATERIALS OR SUPPLIES.
THE MARICOPA COUNTY COMMUNITY COLLEGE DISTRICT FOUNDATION PROVIDES FINANCIAL SUPPORT TO THE MARICOPA COUNTY COMMUNITY COLLEGE DISTRICT WHICH IS USED TO ENHANCE EDUCATIONAL AND STUDENT SERVICE PROGRAMS AT THE DISTRICT'S 10 COMMUNITY COLLEGES, TWO SATELLITE CAMPUSES AND THE MULTIPLE LEARNING CENTERS. FINANCIAL SUPPORT ULTIMATELY IS USED FOR A WIDE RANGE OF PURPOSES. EXAMPLES INCLUDE THE FOLLOWING: STAFF SALARIES AND BENEFITS, THE PURCHASE OF EQUIPMENT, TECHNOLOGY, SOFTWARE, SUPPLIES AND LEARNING MATERIALS, EDUCATIONALLY RELATED TRAVEL EXPENSES, AND OTHER PROGRAM SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Spicker President & CEO | OfficerTrustee | 40 | $240,955 |
Stephanie Hertzberg Chair | OfficerTrustee | 0.5 | $0 |
Julie Rees Vice Chair | OfficerTrustee | 0.5 | $0 |
Ray Schey Secretary | OfficerTrustee | 0.5 | $0 |
Bradley Martorana Finance Chair | OfficerTrustee | 0.5 | $0 |
Rodolfo Parga Jr Immediate Past Chair | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $38,640 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $790,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,022,111 |
| Noncash contributions included in lines 1a–1f | $44,839 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,851,501 |
| Total Program Service Revenue | $0 |
| Investment income | $1,300,212 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,171,588 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,323,301 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,419,392 |
| Grants and other assistance to domestic individuals. | $2,949,860 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,994 |
| Fees for services: Accounting | $38,228 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $31,500 |
| Fees for services: Investment Management | $164,091 |
| Fees for services: Other | $167,381 |
| Advertising and promotion | $32,554 |
| Office expenses | $37,949 |
| Information technology | $183,856 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,175 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $21,594 |
| All other expenses | $0 |
| Total functional expenses | $6,435,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,480,963 |
| Savings and temporary cash investments | $609,632 |
| Pledges and grants receivable | $598,857 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,702 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $42,564,411 |
| Investments—other securities | $10,218,217 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $223,542 |
| Total assets | $57,726,324 |
| Accounts payable and accrued expenses | $654,073 |
| Grants payable | $0 |
| Deferred revenue | $283,812 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $230,587 |
| Total liabilities | $1,168,472 |
| Net assets without donor restrictions | $1,850,782 |
| Net assets with donor restrictions | $54,707,070 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $57,726,324 |
Grants Recieved
Over the last fiscal year, we have identified 27 grants that Maricopa County Community College District Foundation has recieved totaling $3,742,733.
| Awarding Organization | Amount |
|---|---|
Helios Education Foundation Phoenix, AZ PURPOSE: See Part IV | $1,852,000 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: POSTSECONDARY EDUCATION | $499,987 |
Pepsico Foundation Inc Purchase, NY PURPOSE: SCHOLARSHIP PROGRAM | $250,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $170,282 |
State Farm Companies Foundation Bloomington, IL PURPOSE: EDUCATION AWARD | $170,000 |
State Farm Companies Foundation Bloomington, IL PURPOSE: EDUCATION AWARD | $170,000 |
Endowment Analysis
| Beg. Balance | $40,774,493 |
| Earnings | -$3,485,228 |
| Admin Expense | $431,072 |
| Net Contributions | $6,379,786 |
| Other Expense | $55,873 |
| Grants | $1,132,764 |
| Ending Balance | $42,049,342 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Sonoma County Santa Rosa, CA | $227,314,167 | $31,190,414 |
Aspen Community Foundation Basalt, CO | $62,511,754 | $28,301,426 |
Impact Charitable Denver, CO | $10,724,494 | $21,202,015 |
North Valley Community Foundation Chico, CA | $60,759,000 | $16,028,341 |
Jewishcolorado Denver, CO | $81,767,824 | $13,645,129 |
Community Foundation For Southern Arizona Tucson, AZ | $172,311,447 | $35,644,345 |
International Community Foundation National City, CA | $29,422,268 | $13,734,101 |
The Community Foundation Boulder, CO | $79,799,287 | $19,282,047 |
Rancho Santa Fe Foundation Rancho Santa Fe, CA | $166,599,422 | $22,283,277 |
Community Foundation Of Western Nevada Reno, NV | $127,209,186 | $12,894,705 |
Humboldt Area Foundation Bayside, CA | $172,334,910 | $13,192,449 |
Community Foundation Of Northern Colorado Fort Collins, CO | $185,330,639 | $37,336,720 |